Topic: A Cryptocurrency-related Business (Pitch) (Read 411 times)

Thanks.  Brilliant reply.  I sent you +1 Merit point.

Really if we start automating enough people out of their jobs eventually people will need to gather places to mine for money somehow.  People will naturally search for new ways to make money.  Some of the things you mentioned -- could really present numerous new possibilities in business, to turn things around in a positive direction?

This topic idea has progressed into a new discussion and it was expanded into a separate topic here: https://bitcointalk.org/index.php?topic=5185072.0;all

I really like this concept. When I didn't have a job a year ago and was just focusing my time in crypto and other freelance job, I spend my whole day playing games and earning crypto in an internet cafe. This kind of cafe would be a good place to hang out. This kind of cafe would be patronized if there is such in our country. Teenagers and most men here in our country are gamers and likes hanging out in internet cafe.

I'm gonna stop you right there. This is why this idea would fail if someone tried to implement it - there aren't any games that are "connected to cryptocurrency", and there probably will never be any. I can't imagine people going to an Internet cafe to play some stupid Cryptokitties. Visitors of Internet cafes mostly play some massively popular multiplayer online games, so before such game would arrive, your business would just be an Internet cafe with Bitcoin. If you won't be accepting fiat at all, you'll find it very hard to make a profit.

Really cool idea, OP.

Bitcoin ATM and withdrawal of USD fiat in exchange for crypto could be in high demand. Localbitcoins has been around for a long time. But there are always stories of people being scammed on there. Having a trustworthy accredited physical location to withdraw cash in exchange for crypto would be great.

If you don't mind suggestions, expanding into gold and precious metals trade as well as offering physical gift cards or anon credit cards, all in exchange for crypto, could do good business as well as provide valuable services that are good for job markets and the economy. The more financial options people have and the more efficiently they're able to spend or exchange their wealth all contribute positively towards economic output and elevating standard of living.

Directly purchasing food and groceries with crypto is another area that could be in demand. Ditto with buying/selling physical goods via crypto. If it were possible to operate something like a yard sale market with crypto, where people could buy and sell things and be 100% confident they won't be scammed, that is another thing there could be demand for.

E-cigarettes freak me out more than conventional smoke. If they're causing popcorn lung from a couple years of vaping, then secondhand aerosol from vapes might be pretty bad too. https://no-smoke.org/electronic-smoking-devices-secondhand-aerosol/


Old school arcades are kind of big in the Pacific Northwest......Portland and such. But it goes hand in hand with the cheaper rents. I just have trouble seeing how this kind of thing will be profitable given the rents in NYC.


Pot is ultra profitable in urban retail settings but it's not legal in New York. So booze is the only way to go.

Alcohol is one of the most profit earning venture that you can find in the market today! I understand your point, but it also important to think from a business sustainability perspective. Pot surely can't match alcohol in terms of profitability. However, the bar area should be designated separately and it shouldn't be allowed while enjoying a computer game. I am talking about a bar cum barbecue model where a separate area can be designated for serving both of these consumables! I am sure a lot of money is needed to have such big business operational, a bar can definitely make a big difference even in odd hours!

Allowing smoking will good for police works, detectives will probably liter in the area watching everyone who leaves cigarette butts which is source of DNA.  Putting all the DNA profiles of the BTC users will allow these detectives to easily find BTC criminals in the area. Basically you are not just providing KYC, videos of you in the boot but also medical profile.  The government needs this business venue, they'd be more than happy to provide free cigars from Cuba too.

In the original topic I made for this business idea, I mentioned taking out a business loan to get started but then I decided to pivot the idea and not take out any loans at all.  What followed was 6 pages of people (who did not read past the first post of the topic) all discussing loans, when the idea had pivoted and moved in a different direction other than taking out business loans.

So then to escape the loan thing everyone was stuck on, I made a second topic here, and I mentioned smoking or whatever in the original post.  After that I pivoted the business idea because smoking just is not that big of a deal, so it was a pivot.  What followed in this topic is pages of replies from people (who did not read past the first post of the topic) all discussing smoking, even though it really has little to do with the original discussion yet they are stuck on talking about vaping.

Then I made a third topic following another pivot......  https://bitcointalksearch.org/topic/m.52470231

I don't know what NYC laws are as far as vaping goes, but I'm pretty sure smoking wouldn't be allowed--you can't even smoke in bars anymore, so my guess is that the law goes for all businesses.  Hell, I remember as far back as 2002 you could still smoke in restaurants but everything changed right around that time (I don't live in NY but close).  And frankly I wouldn't want to be around smokers in an internet cafe-type place, even if it was as big as a warehouse.  Vaping yes, smoking no.

That's another reason why smoking and other vices shouldn't be permitted.

OP, I actually love this idea but I question whether the business model is viable.  I've seen a few gaming places in my town go out of business for lack of interest.  Everyone loves the idea of arcades because they bring a feeling of nostalgia, but in reality nobody wants to spend time or money in them anymore.  The same *probably* holds true for computer game-based internet cafes, especially in a place like NYC where there are already so many things to do--plus people already have the option to play awesome games in their own homes.  I don't think the crypto aspect would be enticing to anyone.

On the other hand, I'd make at least one trip to a place like that just to use a bitcoin ATM.  I don't even know where the nearest one is to me, but I'm pretty sure it's more than 100 miles away.

I have been out there scouting for a location in NYC.  The thing I see is that the city is having a real estate crisis with way too many empty retail spaces.  So I see this as a great opportunity for us.  Another thing I have learned is that our idea is just too small... It needs to be bigger and I mean much much bigger if we plan to really get something cool happening.

So I seen this area at East 34th Street, this is near the Empire State Building.  But the idea is that we need the whole street.  I mean the whole damn street needs to be converted into a new theme of crypto and Bitcoin related commerce with specialty store fronts, crypto cafes, the whole shabang.  Not just one store but a whole massive street dedicated to this.

Sure the rents are high.  But we need a whole (Major) street in Manhattan.  We need government and city support not just one or two angel investors because we need to make a street into a whole new concept style of: Crypto District.

There is already a store on East 34th Street for virtual reality.  See: www.vrworldnyc.com   We need to expand or partner with them, or just buy them out.  Our main partners need to be the city government itself with a push to expand the struggling commercial real estate issues into something more feasible that can solve an interesting combonation of concerns while adapting into the future of digital finance.

The kids will love it.
 
East 34th is busy as hell, that was the one thing I don't like about it.  It's not pedestrian friendly.  Maybe we need to keep scouting.   But we need to build New Yorks new Crypto District, not just some internet cafe, we need a whole road built out for this.  New York needs this.  The world needs this.

The idea is great for countries who are socializing via gaming but if that's not gonna happen in one of those countries people just play online with their friends. I was thinking about more "twitch cafes" type of addition to it, like its still a great place and its still about gaming but instead of making people come together, you are providing a place for streamers and people who want to be streamers. They will have cameras, any game console they want, microphones and all the setup on their systems they want.

All they will need to do is login from their own account to twitch and they will start streaming right away. That would eliminate all the initial startup costs and research process of streaming, yes you will have a lot of horrible streamers come in and fail but there would be a lot of people who come in for hours and start to make money and until they have enough to build that setup at their home they will continue using yours.

Years ago we had loads of these "Lan game" Cyber cafe type establishments and it worked very well. You and a bunch of your friends could rent the seats for a hour or two at a specific tariff and have the place for yourself. The positive thing about this was that every player had the exact same computer specs, because they provided the computers. So nobody had any advantage over anyone else. < One guy having a better GPU card or processor or more memory.. etc. > 

Those Lan gaming days was the best, because you could socialize with friends in the same location, not like multiplayer games that are played over the Internet now, where you do not have a physical interaction with those friends. < It was fun seeing people freak out, when they got sniped >

Anything that would bring back the "Lan gaming" days would get my vote. You also do not need to buy an expensive gaming rig to be able to play with your friends or have a fast internet connection at your home.    

As I understand it seems this is an internet business model that has a lot in Asia. But you want to make this model in Europe a mistake. In Europe, I find that every home has their own PC and they really don't need to go to the internet store to use your type of service. How would you answer my question?

It is of the utmost importance to be an entirely ethical business that plays by all of the rules.

The biggest design theme with this is that it will be a 100% Bitcoin operated business. That in itself should appeal to an angel investor if they are curious and willing enough to make a real and earnest push towards discovering the secrets of Bitcoin adoption. Instead of just talking about it, we will actually execute the idea and make it a reality.

The thought is to have an investor with a very deep Bitcoin wallet willing to help make this concept launch and to ultimately solidify into a very sustainable and a potentially new brand of business model could emerge. It would be a financial research experiment to literally see what happens, to observe and identify the pathology of what does and does not work within the model of a business that is fully started and running on Crypto.

The kids would love it. I mean really.

My hypothesis is that by running a business that is 100% fueled by Bitcoin we will discover a few unique and interesting things about peoples relationships with money, other people, and technology.

Its a creative way to attract more people, they are usually fascinated when there can do different activities to have fun. Its a pretty good idea but there is still no assurance that people will come and invest in bitcoin because of that, well i'm looking forward to see other post about this since it can possibly made a huge impact on bitcoin. People nowadays tend to love eveything that was made of technology. If the government officials approved it then it will be great because teens are usually up to something like this playing, smoking and etc. and your business will be popular I guess. Good to know that you will follow the rules unlike other people who's using bitcoin in illegal activities.

I asked about the smoking area coz I don't want someone else's second-hand smoke. If I did, I'd just buy my own cigarette!  

Also if OP does indeed push through with this business he might want to offer "suites" where basically you have a room to yourself, with a desk and a bed if you want to use the time to nap (perfect for sleep-deprived students and young professionals). I've seen these featured in a show in Japan, these internet cafes even have a shower area, basically almost like a motel.

NYC decriminalized small time possession of pot, but it's still a fineable offense and smoking/vaping it is definitely prohibited inside public workplaces and commercial spaces.

San Francisco and Oakland do have some cannabis lounges where people can smoke or vape (weed only) inside the premises. You could sell cannabis-infused drinks and things like that. Alcohol isn't allowed at these kinds of bars anyway, but neither is tobacco.

First of all that smoking thing is quite illegal right now, so you can't really let people smoke there even if you wanted to, you will be punished. Secondly, how the hell is California is gritty? I mean I understand the cool part because it has Hollywood in it but what part of California is gritty?

This is basically a game center with bitcoin theme that's it, there is really nothing innovative about it, hell it has some stuff that literally limits you in some way which is why I doubt it should be really getting any attention, people do this already with non-crypto world and non-crypto ways and it doesn't get too much attention, now add in this and it suddenly becomes more limited.

However, for a small business idea it could be something tiny that gets more cult like community instead of a big attention.

Exactly. The younger people of Asia love these cafes.  You raised a great question: Why do we not see the same cafe concept here in the USA?



But why? If we just carded everybody and only sold legal products, why not?  It is like A Cryptocurrency House of Sin  




Very good and logical points. The entire retail store industry is on a heavy decline, BUT, some retail stores are learning to aggressively adapt.  A chief buying feature for this Crypto cafe project idea is that we have more going on than just coffee and snacks.  We are going to have the most futuristic gadgets in the world - and I mean that, we are far far far ahead of the curve.  You can not find these things anywhere else.  Plus, we offer a community that kids cannot get elsewhere sitting at home.  The environment we rent out to them is designed to foster new friendships.



Right, and Payment Through Crypto Only!  Very important.  We don't even accept dollars.  The act of not accepting dollars and only crypto--- that in itself places us as a very unique business that is ahead of the curve.  We embrace the future.


Also by the way, I am a non-smoker.  I do not drink or anything but a lot of potential clients do.  I used to smoke.  Back in those days I would have been the first one to sign up an account to sit down and smoke in front of a computer like that in public.  I'd sit there every day.  That is seriously a great way to smoke and enjoy your time, if that is your thing.  Just saying.

It's clearly an internet cafe business with some additions like Bitcoin ATMs and a vape shop! Definitely it is an attractive way to spend bitcoins for those who want to do so! However, the scope of this business is very limited. Why don't you add some more thing to it to make it more attractive? Let me give you some ideas,

1. A bar -  a separate area for a full fledged bar can be designated or you can serve alcohol at the game counter.
2. An all-inclusive store like Walmart - An all inclusive store with a twist. People don't have to go for shopping physically. They can order items from their game zones and the bag will be ready at the check out point. The customer can then simply pay with their bitcoin while going back.
3. A food court - A collection of all food brands under one roof. But customers will have to pay through bitcoins. They can buy food coupons using bitcoins and spend them at the food court. The food court can later settle for cash with the warehouse management.

These additions will make the business plan more attractive. Everything under one roof and payment through cryptos!